You should take a look at your income sources and evaluate them to see how many are recurring and how many are linear. The key here is that you may want to “balance you portfolio†so you can have income coming in even if for some reason you are not able to work. Especially as a small business owner this can be critical to your survival.
Even one of your fat monthly checks tucked away on a fixed deposit account will provide you with recurring income—accrued interest.
How long do you think it will take Bill Gates, the richest man in the world, to make his first billion if all his bank accounts were presently frozen and taken away? That’s the power of recurring income!
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